Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Hits New 52-Week High – Still a Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $184.38 and last traded at $184.0660, with a volume of 735092 shares traded. The stock had previously closed at $180.21.

Industrial Select Sector SPDR Fund Trading Down 1.6%

The company has a market cap of $31.37 billion, a price-to-earnings ratio of 24.30 and a beta of 0.99. The stock’s 50 day moving average price is $174.53 and its 200 day moving average price is $168.69.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of large investors have recently modified their holdings of XLI. NFSG Corp lifted its stake in shares of Industrial Select Sector SPDR Fund by 4.1% during the first quarter. NFSG Corp now owns 1,552 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 61 shares in the last quarter. Cvfg LLC grew its holdings in Industrial Select Sector SPDR Fund by 2.3% during the 1st quarter. Cvfg LLC now owns 2,854 shares of the exchange traded fund’s stock worth $462,000 after acquiring an additional 65 shares in the last quarter. Allegheny Financial Group grew its stake in Industrial Select Sector SPDR Fund by 2.5% in the first quarter. Allegheny Financial Group now owns 2,744 shares of the exchange traded fund’s stock worth $444,000 after purchasing an additional 66 shares in the last quarter. Wetzel Investment Advisors Inc. grew its position in shares of Industrial Select Sector SPDR Fund by 4.0% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 1,752 shares of the exchange traded fund’s stock worth $272,000 after acquiring an additional 67 shares in the last quarter. Finally, Severin Investments LLC raised its position in shares of Industrial Select Sector SPDR Fund by 4.7% during the 3rd quarter. Severin Investments LLC now owns 1,544 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 70 shares in the last quarter.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.